Form 8.5 (EPT/RI)-Smith (DS) plc Amend

JPMorgan Securities Plc

20 March 2024

 

AMENDMENT

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Name of exempt principal trader:	J.P. Morgan Securities Plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Smith (DS) plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Corporate broker to Smith (DS) plc
(d) Date dealing undertaken:	13 March 2024
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?      If it is a cash offer or possible cash offer, state "N/A"	Yes, Mondi plc

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
10p ordinary	Purchase Sale	6,990,927 2,762,356	3.3920 GBP 3.3900 GBP	3.3500 GBP 3.3490 GBP

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
10p ordinary	Equity Swap	Decrease Long Decrease Short Increase Long Increase Short Opening a long position Opening a short position	11,501  30,399  16,821  54,127  33,140  62,830  85,322  15,982  2,412  111  2,313  5,347  3,649  1,350  40,179  20,265  923  9,597  1,000,000  9,154  36  750,000  6,861  250,000  400,000  7,505  1,250,000  466  538  31,338  250,000  36  260,077  403,341  512  709  5,926  3,201  250  41,119  670  124  1,242  414  386  234,908  60,816  5,503  3,738  13,292  976  70,445  23,465  903  4,137  31,557  6,475  360  323  996	3.3576 GBP 3.3591 GBP 3.3637 GBP 3.3661 GBP 3.3663 GBP 3.3679 GBP 3.3600 GBP 3.3605 GBP 3.3624 GBP 3.3625 GBP 3.3629 GBP 3.3649 GBP 3.3658 GBP 3.3672 GBP 3.3690 GBP 3.3691 GBP 3.3620 GBP 3.3673 GBP 3.3531 GBP 3.3606 GBP 3.3607 GBP 3.3617 GBP 3.3661 GBP 3.3667 GBP 3.3681 GBP 3.3682 GBP 3.3719 GBP 3.3725 GBP 3.3808 GBP 3.3842 GBP 3.3873 GBP 3.3913 GBP 3.3917 GBP 3.3600 GBP 3.3640 GBP 3.3659 GBP 3.3664 GBP 3.3671 GBP 3.3674 GBP 3.3719 GBP 3.3739 GBP 3.3816 GBP 3.3888 GBP 3.3889 GBP 3.3898 GBP 3.3600 GBP 3.3602 GBP 3.3606 GBP 3.3624 GBP 3.3631 GBP 3.3641 GBP 3.3654 GBP 3.3664 GBP 3.3668 GBP 3.3675 GBP 3.3679 GBP 3.3714 GBP 3.3796 GBP 3.3871 GBP 3.3880 GBP

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

3.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

Date of disclosure:	20 March 2024
Contact name:	Natasha Mondon
Telephone number:	01202 325175

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END